VC Fund Investments
B2B marketplace for silk ReshaMandi raises addnl $15-M from Creation Investments
ReshaMandi, a Bengaluru-based business-to-business marketplace for silk products, has raised INR 116 crore (around USD 15 million) from existing investor Creation Investments. Reshamandi offers crop advisory (along with hardware IoT devices) to silk farmers, raw materials along with design inputs to weavers and connects them to mills and retailers.
From the Venture Intelligence PE-VC Deal Database: Between Dec-20 and Oct-21, ReshaMandi had raised over USD 30 M from Stride Ventures, Alteria Capital, InnoVen Capital, Omnivore Partners, Creation Investments, Strive VC, Axilor Ventures, Omnivore Partners, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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